(Journal entries; cost flows) The following costs were incurred in February 2006 by Store-It-All, which produces customized storage buildings.

The balance in Work in Process Inventory on February 1 was $8,400, which consisted of $5,600 for Job #217 and $2,800 for Job #218. The February be¬ ginning balance in Direct Material Inventory was $12,300.
Actual overhead is applied to jobs on the basis of diiect labor cost. Job #217 was completed and transferred to finished goods during February. It was then sold for cash at 135 percent of cost.

a. Prepare journal entries to record the preceding information.

b. Determine the February ending balance in Work in Process Inventory. How much of this balance relates to Job #218?LO1.

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Direct material purchased on account Direct material used for jobs: Job # 217 Job # 218 Other jobs Direct labor costs for month: Job #217 Job # 218 Other jobs Actual overhead costs for February $ 38,000 $22,400 3,600 26,800 52,800 $ 5,200 7,000 9,800 22,000 110,000